This property looks like a bad Mid-Term investment with a projected -7.05% first-year return on $104k initial cash invested.
-7.05%
Cash On Cash
4.8%
Cap Rate
0.77
DSCR
$3,172
Rent
-$612
Cashflow
Cash Flow
$3,172 income − $3,784 expenses = $612 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,000
Closing costs
1%
$4,100
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,172
Total Expenses
$3,784
Mortgage P&I
67%
$2,125
Property Taxes
14%
$436
Home Insurance
5%
$144
HOA
0%
$0
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$349